Overview

This bill amends the 2008 Climate Change Act to set a target of net-zero carbon emissions for the UK by 2050. It also includes emissions from international aviation and shipping in the calculation of the UK's total emissions.

Description

The bill makes key changes to the Climate Change Act 2008. Specifically:

• Net-Zero Target: It changes the 2050 emissions target from an 80% reduction to net-zero emissions.
• Inclusion of International Aviation and Shipping: It mandates the inclusion of greenhouse gas emissions from international aviation and shipping in the UK's emissions calculations, starting with the 2033 budgetary period and beyond. This includes establishing a baseline year (2019) using internationally recognised reporting standards for these emissions.

The bill applies to the whole of the United Kingdom and comes into effect upon Royal Assent.

Government Spending

The bill doesn't directly specify government spending figures. However, achieving net-zero emissions will likely require significant government investment in various sectors, including renewable energy, carbon capture, and green technology. The exact cost is subject to further policy and technological advancements.

Groups Affected

This bill will affect various groups:

• Businesses: Businesses across many sectors will need to adapt to meet the net-zero target, potentially incurring costs related to emissions reduction and adopting sustainable practices.
• Consumers: Individuals may experience changes in energy prices, transportation costs, and the availability of goods and services as the economy transitions to a low-carbon model.
• Government: The government will need to implement policies and regulations to support the transition, requiring significant resources and planning.
• Environmental groups: Environmental groups are likely to be significantly impacted, depending on how successfully the government implements the bill's aims.

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